$BTC Faces Resistance Amid Market Volatility and Institutional Interest

As of May 13, 2025, Bitcoin ($BTC

is trading at approximately $101,799, reflecting a 2.63% decline from the previous day. The cryptocurrency has encountered resistance near the $105,000 level, with recent price action showing signs of exhaustion just below this threshold.

Analysts attribute the recent price correction to potential de-risking ahead of the U.S. Consumer Price Index (CPI) data release, scheduled for May 13. The CPI is forecasted at 2.4% year-over-year, and a lower-than-expected figure could bolster market sentiment and potentially drive Bitcoin's price higher.

Despite the short-term volatility, institutional interest in Bitcoin remains robust. Japanese firm Metaplanet recently acquired an additional 1,241 $BTC , bringing its total holdings to nearly 6,800 BTC. Similarly, Michael Saylor's Strategy firm purchased 13,390 BTC for $1.34 billion between May 5 and May 11, signaling continued confidence in Bitcoin's long-term value.

Technical indicators suggest that Bitcoin's current trading pattern is characterized by a flattening bias, with the Relative Strength Index (RSI) hovering around 47.5, indicating a loss in bullish momentum. Market participants are closely monitoring the upcoming CPI data and other macroeconomic factors that could influence Bitcoin's price trajectory in the near term.

In summary, while Bitcoin faces immediate resistance and market volatility, sustained institutional investments underscore a positive long-term outlook for the cryptocurrency.

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